When planning your investing, realize that when you hit 65, you will still be a long term investor. Most people that see 65 will see 85. So many people think they retire and cash them in or convert to annuities. You should be investing your whole life.
In terms of nursing home insurance, I was told by nursing home administrators that the average man will never spend a day in a nursing home. However, many women will spend some time in a nursing home, but it averages less than 2 years. My mother is in assisted living, and the women outnumber then men by about 10-1.
Those nursing home numbers are unbelievably inaccurate. Also, a lot of that long term care coverage goes for in home use as well.